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11:33 AM EST, 11/22/2022 (MT Newswires) -- Stifel GMP on Tuesday resumed coverage of Critical Elements Lithium (CRECF) with a buy rating and a C$3.25 price target.
"We are resuming coverage of Critical Elements with a Buy rating on the shares. CRE is an advanced stage lithium hardrock developer with 100% ownership of the Rose Project in QC. The Rose Project hosts one of North America's highest purity hardrock lithium resources, and aims to be a vertically integrated supplier of lithium. The North American battery market is expected to be significantly undersupplied by continental lithium sources," analyst Cole McGill wrote.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 2.23, Change: +0.04, Percent Change: +2.06
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